Nobody downloaded yet

Exporting and Growth for Small Business - Research Paper Example

Comments (0) Cite this document
Summary
The company is in a position to increase its sales and profits. Operating a business overseas ensures that the sale of the product increases when customers discover that a company is…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
Exporting and Growth for Small Business
Read TextPreview

Extract of sample "Exporting and Growth for Small Business"

Download file to see previous pages This comes as a result of increased supplies needed for the target market making the cost of production per unit decrease (Burgel & Murray, 2009). Another benefit for smaller companies venturing into the international market is that they have the potential to gain more knowledge. This is a consequence of the experience acquired in the international market making the small company operators to improve in both their domestic and foreign business. Some of the knowledge that may be gained could be on new technologies, new marketing ideas or product quality improvement (Hill, 2011). Lastly, small companies have the advantage of diversifying risks by venturing into the international business. As such, risks such as market changes that could be taking place in the domestic market become evenly distributed, and the company does become fully affected.
Small companies that do not engage in either export or import venture have a lower level of sustainability. They can only survive by ensuring that they dominate their domestic market. Also, they can only survive by producing high-quality goods that outstrip similar international products. Notably, such companies can sustain themselves by specializing in market entry practices. Such practices include; increased promotion, price adjustment, product improvement, and the creation of more distribution channels. Notably, increased promotion is done through advertising the product to make more people aware of the product. Price adjustments are the change of prices to the international standardized rate (Burgel & Murray, 2009). The practice will enable the company to woo domestic market at the expense of foreign products. Product improvement occurs when certain products take more time than the expected to move on the market. As such, the company improves the outcomes by improving the quality or labeling the products “new and improved”. The last step for such companies to be sustainable ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Exporting and Growth for Small Business Research Paper - 1”, n.d.)
Exporting and Growth for Small Business Research Paper - 1. Retrieved from https://studentshare.org/business/1698525-exporting-and-growth-for-small-business
(Exporting and Growth for Small Business Research Paper - 1)
Exporting and Growth for Small Business Research Paper - 1. https://studentshare.org/business/1698525-exporting-and-growth-for-small-business.
“Exporting and Growth for Small Business Research Paper - 1”, n.d. https://studentshare.org/business/1698525-exporting-and-growth-for-small-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Exporting and Growth for Small Business

Growth strategies in small businesses

...? Running Head: GROWTH STRATEGIES IN SMALL BUSINESSES Growth Strategies in Small Businesses of the of the Growth Strategies in Small Businesses Introduction Over the past decades, the rapid developments of the Internet and the information technologies have profoundly impacted every aspect of organisational and social activities. Many business organisations, including small and medium- sized enterprises (SMEs), have started to adopt business process digitalisation (hereafter "BPD") as a strategy to grow and to gain market and operational...
1 Pages(250 words)Dissertation

Small business

...Legal considerations [List the legislation which will have some impact on the running of your business. For example: consumer law, business law, or specific legislation to your industry. 9 Sustainability plan 10 Market research [What statistical research have you completed to help you analyse your market? Did you use a survey/questionnaire? If so, you may like to attach a copy of your survey/questionnaire to the back of this plan.] 11 Market targets[Outline your planned sales targets. What quantity of your products/services do you plan to sell in a planned timeframe? Are they monthly or yearly targets?] 11 Environmental/industry analysis[Detail the results of the market research you have performed. Is...
4 Pages(1000 words)Assignment

Small Business

...SMALL BUSINESS A Small Business is one that is independently owned and operated and which is not dominant in its field of operation. The law s that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately. The small business success depends on the management and business skills. Things to consider in planning a small business like in period picture framing and small craft workshop for furniture business needs a good and effective business plan. According to Prof Johan Strydom 80% of all South African small businesses fail in the first five years of their existence. Because of the failure South African economy has lost more than R68 million over... the...
18 Pages(4500 words)Assignment

Importing & Exporting

...is well advised to give a thorough consideration to the international risk exposures and the relevant techniques for avoiding them. International Currency risk is one of the risks most international firms face in connection with foreign exchange rates.1The problem arises when future payments or remunerations payable in a foreign currency depreciate in value before the foreign currency payment is received and is exchanged into the local currency of the firm. This problem can make or break an exporter’s profit base. It is not that an unexpected increase or decrease in the foreign currency may not be profitable and will always cause a loss. But this entire uncertainty hampers businesses and overall...
12 Pages(3000 words)Essay

Small business

...issues like valuation, share plans, listing, corporate treasury and adherence to IFRS conversions. We will develop an approach that best suits our client’s nature and size of business drawing upon our expertise. Human Resources: At ABS, the customers are primary to our activities, thus through a multi-disciplinary approach we will give advice on all aspects of people management, helping our clients to create value for their businesses through people. Transactions: Our cream of experts will give companies and firms advice on corporate strategies on issues like mergers and acquisitions, growth and exit plans, divestments and strategic valuation. Performance improvement: ABS &...
10 Pages(2500 words)Essay

Small business

...outlets and sell their nutritious foods in at least ten festivals in the UK consistently and further increase this number by two festivals annually. This will be made easier by the increase in number of festivals held in the UK. Participation will definitely lead to a higher number of customers and subsequent success of the business. This is also the only way that the business will gain the prominence and fame it intends to achieve. The team also intends to carry out both verbal interviews and distributed questionnaires to capture the opinions of the festival goers and get their preferences where food is concerned. There is also a plan to give samples in small festivals so as to attract...
4 Pages(1000 words)Essay

Small Business

...Small Business Affiliation: Determine how the federal government encourages small businesses The US General Service Administration (GSA) is the one that deals with the needs and requirements of small businesses and ensures it encourages them. It does this through the use of several strategies including training of issues like partnerships, setting goals for the business and even how to win contracts, allowing small businesses to sell to them their products, counseling on issues like marketing strategies, seeking procurement opportunities, dispute resolution and even how to effectively...
2 Pages(500 words)Essay

Small business

...for the fainthearted. Harvard Business Review. 80, 122-7. MCGRATH, R. G., & MACMILLAN, I. C. (2009). Discovery-driven growth: a breakthrough process to reduce risk and seize opportunity. Boston, Mass, Harvard Business Press. STOREY, D. (2011). Optimism and chance: The elephants in the entrepreneurship room.International Small Business Journal. 29, 303-321. SMALLBONE, D. (2010). The theory and practice of entrepreneurship: frontiers in European entrepreneurship research. Cheltenham, U.K., Edward Elgar. STOKES, D., & WILSON, N. (2010). Small business management and entrepreneurship. Andover, Hampshire, South-Western...
4 Pages(1000 words)Assignment

Small Business

...Business Plan Introduction Jacob’s Grill is a small restaurant that serves a loyal s who go the restaurant every evening and weekends to enjoy custom meals. The main food is grill food and drinks, both alcoholic and non alcoholic. Strategy to compete with Jacob’s Grill Timely meals and drinks An observation of Jacob’s Grill indicates that one of the challenges that it faces is with regard to how they are able to serve their customers. They are not able to predict demand for the day and this means that they are not able to serve the customers effectively and fast. When a customer orders for a custom meal, the customer has to wait for too long and this means that customer satisfaction is low. Perfect...
6 Pages(1500 words)Essay

Exporting and Growth for Small Business

...An Analysis of Exporting and Growth for Morgan and Wadia s Morgan and Wadia are examples of small companies based in the United Kingdom and the United States respectively that greatly depend on external market to sustain their business aspirations. A large contribution of this aspect is the small domestic market for their products. On average Morgan motors exports about 70 percent of its products to countries like United States and parts of Europe in order to maintain productivity since its home base, the United Kingdom market is unable to meet the desired expected sales. This is because Morgan Motors have significantly expensive cars...
3 Pages(750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Exporting and Growth for Small Business for FREE!

Contact Us